AUD/USD risk reversals hit lowest level since Oct. 9, 2018

Risk reversals on the Australian dollar (AUD1MRR), a gauge of calls to puts on the Australian currency, fell to -1.375 on Thursday, their lowest level since Oct. 9, 2018, indicating investors are adding bets to position for a further slide in the AUD/USD pair.

Notably, the gauge stood at -0.60 on April 18, meaning the put demand has increased sharply over the last four weeks.

AUD1MRR